Changing your power of attorney

Changing your power of attorney

On Behalf of | Sep 30, 2021 | Estate Planning |

A power of attorney is a legal tool that is often used for medical care management, financial matters, and estate planning. It is also flexible, which means you can revoke it or change the agent named therein at any time with a simple process. Here is some information on how you can make these changes. If you live in Washington, D.C, here are some ways you can alter your estate planning directives through the power of attorney.

What is a power of attorney?

A power of attorney is also called a letter of attorney and is a legal document that you sign to give another person authority to act on your behalf. If you’re giving someone else permission to act on your behalf, you are known as the principal or grantor. The person you’ve named in the document is the attorney-in-fact or agent.

Changing your power of attorney

There are usually a few steps to take to change your power of attorney. First, you should notify your current attorney-in-fact. You should talk to them about the changes you want to make and get in touch with them as soon as possible if these changes need to be urgent.

Keep in mind that the power of attorney change is only official when you put it in writing. You can find the documents you need on your state or local website. Or, you can write a letter to your agent since a written notice will meet the legal requirements for making the changes you want to make. Your wishes should be clearly indicated whether you’re modifying your current power of attorney or choosing a new individual to take on this role.